Cable accessories supplier acquired

July 19th, 2012, Published in Articles: Energize

CBI-electric African cables acquired cable accessories supplier Tank Industries for an undisclosed amount in April. The acquisition will enable result in Tank Industries operating as subsidiary of CBI-electric, and also adds a range of high-quality cable connectivity solutions to the product offering of CBI-electric’s  African cables division. CBI-electric African designs and manufactures electric power cables at its factory in Vereeniging, near Johannesburg, while Tank Industries manufactures and distributes electric component solutions for use in the power, telecommunications and electronics sectors. The acquisition will also enable the companies to enter new markets, as CBI-electric will acquire and service Tank Industries’ market and vice versa.

Contacts Clive Maasch, Tank Industries, Tel 021 700-4380, clive.maasch@tank.co.za

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